The wire news will show the US indices finished on a positive note but they did finish well off their intra day highs. We continue to try and make our way out of this congestion but currently there is no follow through. The risk is we continue to stay range bound and maybe in the coming days see a return to the lower boundary. Market internals offer noo clues; advancing issues posted 62% to declines at 32% and advancing volume outpaced declining volume 2:1, but still the larger gains couldn’t be held. Our Red Alert lights now stand at 8 consecutive (we’ll be writing an article on these shortly) which is cause for concern. Tread carefully here – we may tighten some stops up.
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Latest Share Trading Articles
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- The Hidden Strengths of Volume Analysis (part 1) September 19, 2010The power of correct volume analysis cannot be overlooked. Unfortunately the ability to read volume correctly is not readily discussed or freely available. Off-the-cuff remarks such as, “increased volume on advances is bullish and increased volume on declines is bearish” are bantered around but that’s as far as it goes. The correct use and application [...]T […]
- The Psychology of Trading September 19, 2010The most important part of investing and trading is psychology. Investing is a constant struggle where the battleground is not the market or advice given but comes from within you. You will face stress over losses, you will be in turmoil in deciding to enter or exit a position and it will place many demands [...]The Psychology of Trading is a post from: Shar […]
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Phone: +617 5473 5743
Suite 1/ 21 Sleepy hollow Drive
Noosa Heads QLD 4567
AFSL 288200
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